|
NEDBANK LIMITED - PRIVATE PLACEMENT OF 50 000 000 NON-REDEEMABLE, NON-CUMULATIVE
PREFERENCE SHARES
Nedbank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1951/000009/06)
(formerly Nedcor Bank Limited)
Share code: NBKP
ISIN no.: ZAE000043667
("Nedbank" or the "Company")
PRIVATE PLACEMENT OF 50 000 000 NON-REDEEMABLE NON-CUMULATIVE PREFERENCE
SHARES ("PREFERENCE SHARES")
1. Introduction
Shareholders and potential investors are referred to the announcement and
revised listings particulars both dated 28 October 2003, regarding a further
offer of 50 000 000 preference shares to the public at an issue price of R10,68
per preference share (the "Offer for Subscription") and wherein it was stated
that Nedbank would also undertake a private placement.
2.Private placement
Nedbank is pleased to announce that it has concluded a private placement of 50
000 000 preference shares with selected institutional participants (the
"Private Placement"). The Private Placement was concluded on the same terms as
the Offer for Subscription. The Private Placement preference shares will be
issued and listed at the same time as the preference shares issued pursuant to
the Offer for Subscription, being Wednesday 19 November 2003.
3. Preference shares available in the Offer for Subscription
Given the high level of investor demand in the Private Placement, the directors
of Nedbank have exercised their right to increase the aggregate number of
preference shares available for subscription to a maximum of 100 000 000
preference shares. Accordingly, a maximum of 50 000 000 preference shares are
still available in the public Offer for Subscription.
4. Salient dates of the Offer for Subscription
2003
Opening date of offer for Tuesday, 28
subscription (09:00) October
Closing date of the offer for Friday, 14
subscription (16:00) November
Nedcor Limited trading update Monday, 17
November
Proposed listing and settlement Wednesday, 19
date (09:00) November
Sandton
11 November 2003
Investment bank and joint sponsor
Nedbank Corporate
Corporate law advisers and consultants
Edward Nathan & Friedland (Proprietary) Limited
Lead sponsor
Investec Securities Limited
Joint auditors
KPMG Inc
Deloitte & Touche
Date: 11/11/2003 09:21:03 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
